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FB Set To Launch Dating service provider

HighlightsFacebook app to enable users to create dating profileNew feature to match users with normal folks they aren't already friends withFacebook shares rose 1.1% to seal at $173.86 on sunday

Facebook Inc is planning a internet dating service for users on its social network. With a dating use, The US based computers major aims to boost its popularity among young users. Facebook had considered providing the matchmaking service for over a decade. "There are 200 million people on Facebook that list their own as single, So clearly there is something to do here, Facebook CEO Mark Zuckerberg told software developers at the company's annual F8 conference, in news agency Reuters. Facebook will launch a new feature on its app later this year that will permit users to create a dating profile and match with potential love interests, News agency ANI cited CEO Mr Zuckerberg as saying on mondy.

2. A prototype displayed on screens at the F8 conference showed a heart shape at the top right corner of the application developers. Pressing on it should take people to their dating profile if they have set one up. Potential matches will be advocated based on dating preferences, Things in accordance and mutual friends, Facebook said in a statement.

(Also saw: $1 Billion Is What Facebook Executive will forfeit If He Leaves Early)

3. The opt in feature will match users explicitly with people they aren't already friends with. Facebook users can build a dating profile which should not be visible to friends.

4. facebook or twitter shares rose 1.1 per cent to shut at $173.86. The stock had opened at $172 on Nasdaq on saturday _a href= and touched $174.02 at the day's maximal level.

5. Among online dating repair shops, Match fell 22 % its largest one day drop ever and IAC, Which owns regarding green fifth of Match, Fell nearly 18 percentage in its biggest daily loss in about 13 years. Spark marketing networks, Owner of JDate and religious Mingle, Also closed 4 % lower.

6. Mr Zuckerberg said private information was building the dating service with an emphasis on privacy, A sensitive subject for people who use dating websites and for Facebook as it reels from a scandal over its handling of personal information.

7. Since the launch of the social network website in 2004, Users have had the option to mention their relationships status on their profile on Facebook.

8. Launch of a dating service by Facebook may help to boost the engaging time of its users, Leading to more competition for existing paid dating sites in the US, Say analysts.

9. Facebook had said in January that right at the end of 2017, an hour or two spent by users had fallen by about 50 million hours a day, After changes intended to reduce passive video watching and stem the spread of sensationalism.

10. Facebook Inc chief executive Mark Zuckerberg's compensation rose 53.5 percent to $8.9 million by using 2017, A regulatory filing showed last month, Largely due to higher costs included with the 33 year old billionaire's personal security. About 83 per cent of the pay represented security related expenses, While vast majority of rest were tied to Mr Zuckerberg's personal usage of private aircraft. wisecracks.
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